Wyoming § 26-3-103 General qualifications for authority to transact
business

Wyoming Statutes

§ 26-3-103 — General qualifications for authority to transact business

Wyoming § 26-3-103

Title 26Insurance Code

Ch. 3AUTHORIZATION OF INSURERS AND

This text of Wyoming § 26-3-103 (General qualifications for authority to transact business) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 26-3-103 (2026).

Text

(a)To transact insurance in this state an insurer shall be in compliance with this code, and its charter powers and shall be an incorporated stock insurer, an incorporated mutual insurer or a reciprocal insurer of the same general type as may be formed as a domestic insurer under this code.

(b)No foreign insurer shall be authorized to transact insurance or business on the mutual assessment plan, stipulated premium plan or any similar plan in this state if that insurer does not maintain reserves as required by chapter 6 of this code as applicable to the kinds of insurance or business transacted, wherever transacted in the United States. This prohibition does not apply to mutual or reciprocal insurers doing business on the cash premium plan but providing for contingent liability of policyh

Free access — add to your briefcase to read the full text and ask questions with AI

(a) To transact insurance in this state an insurer shall
be in compliance with this code, and its charter powers and
shall be an incorporated stock insurer, an incorporated mutual
insurer or a reciprocal insurer of the same general type as may
be formed as a domestic insurer under this code.
(b) No foreign insurer shall be authorized to transact
insurance or business on the mutual assessment plan, stipulated
premium plan or any similar plan in this state if that insurer
does not maintain reserves as required by chapter 6 of this code
as applicable to the kinds of insurance or business transacted,
wherever transacted in the United States. This prohibition does
not apply to mutual or reciprocal insurers doing business on the
cash premium plan but providing for contingent liability of
policyholders or subscribers.